The federal contractor minimal wage is a prevailing wage that should be paid to employees employed by contractors and subcontractors who carry out work on federal contracts. The minimal wage for federal contractors is about by the U.S. Division of Labor’s Wage and Hour Division and is up to date yearly.
The federal contractor minimal wage is vital as a result of it helps to make sure that employees are paid a good wage for his or her work. It additionally helps to stage the taking part in subject for companies that compete for federal contracts. The minimal wage for federal contractors has been in place since 1936, and it has been up to date a number of occasions through the years to maintain tempo with inflation.
